Hydrogen Utopia International PLC (LSE:HUI, OTCQB:HUIPF) said the recent jump in its share price most likely relates to articles in City AM and the Daily Mail on Saturday.
The articles highlight HUI's impending acquisition of Ohrid Organics, added the statement..
It is expected that the acquisition will fund HUI's pipeline waste plastic to hydrogen projects without the need for any further fundraising, the statement added.
Shares today were up 22% at 6.25p.